Sanborn Joseph 4
4 · EverQuote, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
EverQuote (EVER) CFO Joseph Sanborn Sells Shares for Tax Withholding
What Happened
Joseph Sanborn, EverQuote’s Chief Financial Officer and Chief Administrative Officer, disposed of 9,253 shares following the April 1, 2026 vesting of restricted stock units (RSUs). On April 1, 2026 the company withheld 8,603 shares at $14.74 each (worth $126,808) to satisfy tax withholding. On April 2, 2026 Sanborn sold an additional 650 shares in the open market at $14.42 each (worth $9,373). These transactions are sales to cover tax obligations associated with RSU vesting, not new purchases.
Key Details
- Transaction dates and prices:
- 2026-04-01: 8,603 shares withheld for taxes @ $14.74 = $126,808 (code F)
- 2026-04-02: 650 shares sold open market @ $14.42 = $9,373 (code S)
- Total shares disposed: 9,253; total proceeds: ~$136,181.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- Withheld shares represent company withholding to satisfy tax obligations from RSU vesting (based on 4/1/2026 closing price).
- The April 2 sale was executed under a Rule 10b5-1 trading plan adopted March 17, 2023 and was not a discretionary trade.
- Filing: Report filed April 2, 2026; no late filing indicated in the document provided.
Context
Withholding shares to cover taxes on vested RSUs is a common, routine administrative transaction and is effectively a non-cash way to satisfy tax liabilities (similar to a cashless settlement). The separate open-market sale was carried out under a pre-established 10b5-1 plan, meaning the sale schedule was set in advance and is not an active market-timing decision by the insider. Such tax-related sales are generally not considered a strong signal of management’s view on the company’s outlook.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-04-01$14.74/sh−8,603$126,808→ 358,310 total - Sale
Class A Common Stock
[F2]2026-04-02$14.42/sh−650$9,373→ 357,660 total
- 1,365(indirect: By Children)
Class A Common Stock
- 1,365(indirect: By Children)
Class A Common Stock
Footnotes (2)
- [F1]Represents shares of Class A Common Stock withheld by the Company to satisfy tax withholding obligations in connection with the net issuance of shares of Class A Common Stock delivered to the Reporting Person on April 1, 2026, from the vesting of restricted stock units. The number of shares withheld by the Company to satisfy tax withholding obligations (and the net issuance) is based on the closing price of the Company's Class A Common Stock on April 1, 2026.
- [F2]The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2023, and represent the sale of shares necessary to meet tax withholding obligations as a result of vesting in restricted stock units on April 1, 2026. The sales do not represent discretionary trades by the reporting person.